INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol AAKAAR
MSEI Symbol NOTLISTED
ISIN INE1GYP01013
Name of Company Aakaar Medical Technologies Limited
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 10-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 10-11-2025   02:30:00
End date and time of board meeting 10-11-2025   02:48:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 19-12-2024
Indicate Company website link for updated RPT policy of the Company www.aakaarmedical.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 2,532.50 2,532.50
Other income 29.71 29.71
Total Income 2,562.21 2,562.21
2 Expenses
(a) Cost of materials consumed 42.66 42.66
(b) Purchases of stock-in-trade 1,557.51 1,557.51
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (455.71) (455.71)
(d) Employee benefit expense 726.40 726.40
(e) Finance costs 104.07 104.07
(f) Depreciation and amortisation expense 4.91 4.91
(g) Other Expenses
1 Other Expenses 684.70 684.70
Total other expenses 684.70 684.70
Total expenses 2,664.54 2,664.54
3 Profit before exceptional and extraordinary items and tax (102.33) (102.33)
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax (102.33) (102.33)
6 Extraordinary items 0.00 0.00
7 Profit before tax (102.33) (102.33)
8 Tax Expense
Current tax (18.54) (18.54)
Deferred tax (5.38) (5.38)
Total tax expenses (23.92) (23.92)
9 Net Profit Loss for the period from continuing operations (78.41) (78.41)
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest (78.41) (78.41)
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period (78.41) (78.41)
17 Details of equity share capital
Paid-up equity share capital 1,417.28 1,417.28
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.63 -0.63
Diluted earnings (loss) per share from continuing and discontinued operations -0.63 -0.63
20 Debt equity ratio 0.36 0.36
21 Debt service coverage ratio 91.60 91.60
22 Interest service coverage ratio 0.26 0.26
23 Disclosure of notes on financial results Textual Information(1)


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Textual Information(1) Notes to Unaudited Financial Results for Half Year ended September 30, 2025 1. The Financial Results are prepared in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounting) Rules, 2014 (as amended) and other recognized accounting practices and policies as applicable. 2. The above results for the half year ended September 30, 2025 were reviewed by Audit Committee and were approved and taken on record by the Board of Directors in their meeting held on November 10, 2025. 3. Basic and Diluted EPS for the half year ended September 30, 2025 is calculated on the basis of 1,41,72,816 equity shares. 4. The Company operates through two segments viz. manufacturing and distribution of medical equipment and cosmetic medicines. Details of the same are as per the annexure attached. 5. Previous year figures have been regrouped / rearranged wherever necessary to correspond with the current year's classification / disclosures. 6. The details of utilization of IPO Proceeds of Rs. 2700.29 lakhs are as follows: [Rs.in Lakhs] Particulars Proceeds Utilisation upto 30th September, 2025 Unutilised upto 30th September, 2025 Working Capital 2,035.29 830.09 1,205.20 General Corporate Purpose 329.00 - 329.00 Issue expenses paid with GST 336.00 335.77 0.23 Total 2,700.29 1,165.86 1,534.43


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax (102.33)
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 99.59
Adjustments for depreciation and amortisation expense 4.91
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 12.75
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (29.14)
Other adjustments for non-cash items 0.41
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 88.52
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (455.71)
Adjustments for decrease (increase) in trade receivables 150.64
Adjustments for decrease (increase) in other current assets (89.10)
Adjustments for increase (decrease) in trade payables (120.16)
Adjustments for increase (decrease) in other current liabilities (45.37)
Adjustments for provisions 27.38
Total adjustments for working capital (532.32)
Total adjustments for reconcile profit (loss) (443.80)
Net cash flows from (used in) operations (546.13)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 138.72
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities before extraordinary items (684.85)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (684.85)
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 0.00
Purchase of property plant and equipment 2.70
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 6.80
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,535.52)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (1,531.42)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (1,531.42)
Cash flows from used in financing activities
Proceeds from issuing shares 2,700.29
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 562.25
Dividends paid 0.00
Interest paid 99.59
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (233.78)
Net cash flows from (used in) financing activities before extraordinary items 1,804.67
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 1,804.67
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (411.60)
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (411.60)
Cash and cash equivalents cash flow statement at beginning of period 554.64
Cash and cash equivalents cash flow statement at end of period 143.04


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 1,417.28
Reserves and surplus 3,296.64
Money received against share warrants 0.00
Total shareholders' funds 4,713.92
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 0.00
Deferred tax liabilities (net) 0.00
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities 0.00
Long-term provisions 106.74
Total non-current liabilities 106.74
6 Current liabilities
Short-term borrowings 1,711.57
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 119.26
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 124.50
Total Trade payable 243.76
Other current liabilities 238.74
Short-term provisions 101.70
Total current liabilities 2,295.77
Total equity and liabilities 7,116.43
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 19.97
Producing properties 0.00
Intangible assets 1.58
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 0.00
Intangible assets under development or work-in-progress 0.00
Total Property, Plant and Equipment and Intangible assets 21.55
ii Non-current investments 0.00
v Deferred tax assets (net) 44.97
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 168.83
viii Other non-current assets 1,691.82
Total non-current assets 1,927.17
Current assets
Current investments 0.00
Inventories 1,911.12
Trade receivables 2,649.40
Cash and cash equivalents 143.04
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 485.70
Other current assets 0.00
Total current assets 5,189.26
Total assets 7,116.43
Disclosure of notes on assets and liabilities Textual Information(1)


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Textual Information(1) NA


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Aesthetic Devices & Device consumables 335.00 335.00
2 Aesthetic Products 2,197.00 2,197.00
Total Segment Revenue 2,532.00 2,532.00
Less: Inter segment revenue
Revenue from operations 2,532.00 2,532.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Aesthetic Devices & Device consumables 167.50 167.50
2 Aesthetic Products 976.96 976.96
Total Profit before tax 1,144.46 1,144.46
i. Finance cost 104.07 104.07
ii. Other Unallocable Expenditure net off Unallocable income 1,142.72 1,142.72
Profit before tax (102.33) (102.33)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Aesthetic Devices & Device consumables 122.68 122.68
2 Aesthetic Products 2,526.72 2,526.72
3 Aesthetic Devices & Device consumables 122.68 122.68
4 Aesthetic Products 2,526.72 2,526.72
Total Segment Asset 2,649.40 2,649.40
Un-allocable Assets 4,467.03 4,467.03
Net Segment Asset 7,116.43 7,116.43
4 Segment Liabilities
Segment Liabilities
1 Aesthetic Devices & Device consumables 0.00 0.00
2 Aesthetic Products 0.00 0.00
3 Aesthetic Devices & Device consumables 0.00 0.00
4 Aesthetic Products 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 2,402.51 2,402.51
Net Segment Liabilities 2,402.51 2,402.51
Disclosure of notes on segments Textual Information(1)


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Textual Information(1) NA




Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 27-06-2025
Amount Raised 2,700.29
Report filed for Quarter ended 30-09-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Issue expenses NA 336.00 0.00 335.77 0.00 NA
2 General Corporate purpose NA 329.00 0.00 0.00 0.00 NA
3 Working capital NA 2,035.29 0.00 830.09 0.00 NA


Signatory Details

Name of signatory Dilip Ramesh Meswani
Designation of person Managing Director
Place Mumbai
Date 10-11-2025


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Aakaar Medical Technologies Limited Dilip Ramesh Meswani Founder, Managing Director and Promoter Remuneration 2.25 NA 2.25 14-06-2025 13.50 0.00 0.00
2 Aakaar Medical Technologies Limited Dilip Ramesh Meswani Founder, Managing Director and Promoter Loan 250.00 NA 250.00 25-02-2025 93.00 182.50 89.50 Loan 9.00 5 years Unsecured Working capital Textual Information(1)
3 Aakaar Medical Technologies Limited Dilip Ramesh Meswani Founder, Managing Director and Promoter Any other transaction Interest on loan 164.25 NA 164.25 25-02-2025 5.63 0.00 0.00 Loan 9.00 5 years Unsecured Working capital Textual Information(2)
4 Aakaar Medical Technologies Limited Bindi Dilip Meswani Chairperson and Promoter Any other transaction Consultation Fees 1.25 NA 1.25 13-08-2025 6.39 0.00 0.00
5 Aakaar Medical Technologies Limited Bindi Dilip Meswani Chairperson and Promoter Loan 50.00 NA 50.00 25-02-2025 41.00 41.00 0.00 Loan 9.00 7 years Unsecured Working capital Textual Information(3)
6 Aakaar Medical Technologies Limited Bindi Dilip Meswani Chairperson and Promoter Any other transaction Interest on loan 3.69 NA 3.69 25-02-2025 1.23 0.00 0.00 Loan 9.00 7 years Unsecured Working capital Textual Information(4)
7 Aakaar Medical Technologies Limited Bindi Dilip Meswani Chairperson and Promoter Any other transaction Rent 2.00 NA 2.00 25-02-2025 12.00 0.00 0.00
8 Aakaar Medical Technologies Limited Sharda Ramesh Meswani Mother of Founder & MD and Promoter Grp Member Loan 250.00 NA 250.00 25-02-2025 31.10 31.10 0.00 Loan 9.00 5 years Unsecured Working capital Textual Information(5)
9 Aakaar Medical Technologies Limited Sharda Ramesh Meswani Mother of Founder & MD and Promoter Grp Member Any other transaction Interest on loan 2.80 NA 2.80 25-02-2025 0.93 0.00 0.00 Loan 9.00 5 years Unsecured Working capital Textual Information(6)
10 Aakaar Medical Technologies Limited Milouni Dilip Meswani Manager and Promoter Grp Member and daughter of MD Remuneration 1.10 NA 1.10 13-08-2025 5.88 0.00 0.00
11 Aakaar Medical Technologies Limited Rita Meswani Sister of MD and Promoter Grp Member Remuneration 0.30 NA 0.30 13-08-2025 1.65 0.00 0.00
12 Aakaar Medical Technologies Limited Abhash Dilip Meswani Son of Founder & MD and Promoter Grp Member Any other transaction Rent 1.00 NA 1.00 25-02-2025 6.00 0.00 0.00
13 Aakaar Medical Technologies Limited Dr. Rahul Sawakhande C.E.O. & Director Remuneration 8.33 NA 0.00 14-06-2025 50.00 0.00 0.00
14 Aakaar Medical Technologies Limited Dr. Rahul Sawakhande C.E.O. & Director Any other transaction Loan given to CEO 41.95 NA 41.95 25-02-2025 6.00 41.95 35.95 Loan 0.00 12 years Unsecured Purchase of ESOP granted Textual Information(7)
15 Aakaar Medical Technologies Limited Rajendra Dhandhukia Independent Director Any other transaction Professional Fees 1.00 NA 1.00 25-02-2025 0.50 0.00 0.00
16 Aakaar Medical Technologies Limited Deepanjan Periwal Independent Director Any other transaction Professional Fees 1.00 NA 1.00 25-02-2025 0.50 0.00 0.00
17 Aakaar Medical Technologies Limited Anoopkumar Pillai Company Secretary & Compliance Officer Remuneration 1.00 NA 1.00 25-02-2025 6.00 0.00 0.00
18 Aakaar Medical Technologies Limited Sweta Shah Chief Financial Officer Remuneration 13.48 NA 13.48 13-08-2025 5.85 0.00 0.00
19 Aakaar Medical Technologies Limited Aesthetic Solutions -HUF Founder and MD is the Karta of HUF Sale of goods or services 10.00 NA 10.00 25-02-2025 1.69 0.00 0.00
20 Aakaar Medical Technologies Limited Rajendra Dhandhukia Independent Director Remuneration 0.85 NA 0.85 25-02-2025 0.85 0.00 0.00
21 Aakaar Medical Technologies Limited Deepanjan Periwal Independent Director Remuneration 0.85 NA 0.85 25-02-2025 0.85 0.00 0.00
Total value of transaction during the reporting period 290.55



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Textual Information(1) Current year loan repayment done for 93,00,000
Textual Information(2) Interest paid for loan
Textual Information(3) Loan fully repaid
Textual Information(4) Interest paid for loan
Textual Information(5) Loan fully repaid
Textual Information(6) Interest on loan
Textual Information(7) Loan given by Company to CEO FY 24-25